Sorrell vs WPP is not about the money, what’s at stake is principle and pride
As mud is thrown, WPP might come to regret taking what may be a step more motivated by personal animus rather than sound commercial logic, writes Chris Blackhurst
Not so long ago, annual reports from WPP, the advertising and communications giant, were collectors’ items.
They weren’t treasured for the detail of the company’s performance or the various pats on the back. Few read them for those. What was delightful were the pages and pages devoted to explaining the calculation of the remuneration for the firm’s founder and driving force, Sir Martin Sorrell.
He’d built a £30bn (yes, that’s what WPP was worth at one stage) empire from a small business that produced shopping baskets. Under Sorrell, Wire & Plastic Products bestrode the world stage, snapping up media agencies galore, many of them household names. Multinational corporations were queuing up for its various services. Across it all sat Sorrell.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies